Finance Minister Stories

Sudan introduces new banknotes, boosting coffers but drawing criticism and protests from citizens
Reuters  |  Jan 11, 2025

Since the outbreak of the war, when RSF soldiers looted dozens of banks and blocked farming, the army-aligned government has struggled to pay salaries...

Relief for Somalia as Russia announces cancellation of $48.1 million debt
Abdirahman Khalif  |  Dec 21, 2024

With international cooperation and a commitment to reforms, Somalia is poised to rebuild its economy and improve the lives of its citizens.

Tanzania orders all transactions in local currency to curtail US dollar supremacy
Alfred Onyango  |  Jun 17, 2024

According to Finance Minister Mwigulu Nchemba, the move aims to curb the widespread use of dollars within the country to address the economy's critica...

South Sudan halts civil servants' pay over dwindling oil revenue
Amina Wako  |  May 22, 2024

He explained that non-oil tax collections, currently at SSP25–30 billion per month, fell short of covering the monthly payroll of approximately SSP85...

Businesses shut down across Uganda in tax protest
AFP  |  Apr 17, 2024

The week-long action launched by the Federation of Uganda Traders Association has spread from the capital, Kampala.

Ghana's President removes Finance minister in sweeping Cabinet reshuffle
Agency  |  Feb 14, 2024

Inflation rates exceeded 50 per cent in 2022, and the stable West African country accepted a $3 billion International Monetary Fund (IMF) bailout afte...

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.